“The European Union’s antitrust chief has indicated that it will likely reach a decision in September or October on its two-year probe into Apple’s tax dealings with Ireland, Ireland’s finance minister said on Wednesday,” Padraic Halpin reports for Reuters.
“‘Commissioner Vestager indicated to me that there wouldn’t be a decision in July but there would probably be a decision early in the autumn. My expectation is September or early October,’ Michael Noonan told a news conference after meeting antitrust chief Margrethe Vestager on Tuesday,” Halpin reports. “‘I didn’t discuss the potential decision but we did discuss the presentation of the decision. I have no indication of what way the decision will go or what the implications of the decision will be,’ the finance minister said.”
“The investigation could force Apple to pay substantial back taxes,” Halpin reports. “It has said it will join Ireland in appealing any adverse ruling.”
Read more in the full article here.
MacDailyNews Take: So, pretty much everything is “coming this fall.”
SEE ALSO:
EU regulators near end of Apple inquiry, drag out Google probe – July 12, 2016
U.S. Treasury Chief Lew set for Apple corporate tax showdown with EU – July 11, 2016
Apple tax probe verdict may come next month Irish Finance Minister Noonan says – June 16, 2016
Irish wonder what to do with Apple tax if EU orders a clawback – June 8, 2016
Apple cash move will not end EU tax probe – April 11, 2016
Analyst: Apple investors unconcerned about potential EU tax bill – April 5, 2016
EU’s Vestager says will not complete tax inquiries of Apple, others in second quarter – May 5, 2015
U.S. demands EU reconsider tax probes of its companies – February 12, 2016
U.S. Treasury official to meet EU antitrust team over Apple tax deals – January 29, 2016
Apple and Google stand by Europe tax deals; Rupert Murdoch weighs in – January 27, 2016
Apple could trigger global tax war, potential breakdown of the international tax system – January 27, 2016
Apple CEO Cook lobbies EU antitrust chief over Irish back taxes – January 21, 2016
Think Ireland’s corporate tax is unfair? Wave goodbye to Apple and thousands of jobs if it’s changed – November 14, 2015
Apple announces 1,000 new jobs in Ireland as EU tax ruling nears – November 11, 2015
Apple tax probe won’t hurt Ireland, Finance Minister Noonan says – October 5, 2015
EU’s Vestager says will not complete tax inquiries of Apple, others in second quarter – May 5, 2015
Apple warns of potential ‘material’ financial damage from European tax probe – April 29, 2015
Apple may have to pay Ireland 10 years of back taxes – April 30, 2015
EU’s plans to tackle corporate tax avoidance hits first roadblocks — February 12, 2015
Ireland’s Prime Minister: Apple has nothing to fear from end of ‘Double Irish’ tax avoidance strategy – November 4, 2014